8 Sept 2010
KC SECURITIES LIMITED V BELGRAVE FINANCE LIMITED (IN RECEIVERSHIP) CA CA115/2010
- Citation
- openlaw-8e25c242_c6e0_4aed_a453_8ffb5a87583c.pdf
- Court
- Court of Appeal
The deed's language is plain and unambiguous: the defined 'first secured party priority amount' includes interest only for the Interest Period 'commencing on the Enforcement Date'; the Enforcement Date here was the expiry of the s92 notice, so only interest accruing after that date enjoyed priority; clause 5 did not override the schedule definition and the Associate Judge correctly entered judgment for Belgrave Finance.